IIA IIA Certifications IIA-CCSA Questions & Answers

• Question 61:

  To provide management with information to mitigate the negative consequences associated with accomplishing the organization's objectives is the:

  A. Organizational audit activity's assessment plan

  B. Risk audit activity's risk plan

  C. Internal audit activity's audit plan

  D. Operational audit activity's impact plan

  Correct Answer: C

• Question 62:

  A technique to partner with another organization willing to assume a portion of the risk for some reward is called:

  A. Transfer the risk

  B. Manage the risk

  C. Investigate the risk

  D. Accept the risk

  Correct Answer: A

• Question 63:

  Apply principles of risk management at every management level for identifying, evaluating, avoiding, minimizing and controlling risks, is called:

  A. Procurement policy

  B. Risk Policy

  C. Risk procedure

  D. Policy statement

  Correct Answer: D

• Question 64:

  Purchase insurance coverage when:

  A. To avoiding and eliminating the risks where and when possible.

  B. The risk is catastrophic in nature or beyond the capacity of the organization to absorb from current funds.

  C. The expenditure of premiums is not justified by the services incidental to the insurance contract, or other services.

  D. All of the above

  Correct Answer: B

• Question 65:

  What are influenced by size and complexity of the activity being examined, and by the geographical dispersion of the activity?

  A. Analytical auditing

  B. Time requirements

  C. Functional specifications

  D. Control activities

  Correct Answer: B

• Question 66:

  Which of the following is NOT the technique for risk management?

  A. Transfer

  B. Manage

  C. Investigate

  D. Accept

  Correct Answer: C

• Question 67:

  Management thinks in terms of risk (implicitly and explicitly), and management rarely thinks in terms of control.

  A. True

  B. False

  Correct Answer: A

• Question 68:

  A process for gathering information, without detailed verification, on the activity being examined is called:

  A. Examination

  B. Analysis

  C. Investigation

  D. Survey

  Correct Answer: D

• Question 69:

  What has the ability to combine both qualitative and quantitative data in imaginative ways?

  A. Facts

  B. Impacts

  C. Scenarios

  D. Figures

  Correct Answer: C

• Question 70:

  Internal audit reports characteristic of the internal auditor's paradigm has internal control as its old paradigm and addressing process risks as its old paradigm.

  A. True

  B. False

  Correct Answer: B